La-Z-Boy Incorporated (LZB)
Days of inventory on hand (DOH)
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 22, 2022 | Oct 23, 2021 | Jul 24, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.43 | 4.17 | 4.48 | 4.74 | 4.97 | 4.89 | 4.38 | 4.49 | 4.75 | 4.20 | 4.34 | 4.34 | 4.40 | 4.21 | 4.77 | 5.02 | 5.41 | 5.29 | 5.13 | 5.32 | |
| DOH | days | 82.45 | 87.63 | 81.45 | 77.06 | 73.43 | 74.59 | 83.37 | 81.23 | 76.81 | 86.95 | 84.01 | 84.11 | 83.04 | 86.78 | 76.56 | 72.70 | 67.48 | 68.96 | 71.14 | 68.56 |
April 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.43
= 82.45
La-Z-Boy Incorporated's Days of Inventory on Hand (DOH) fluctuated over the past few years, ranging from 67.48 days to 87.63 days. The company's inventory turnover rate indicates how efficiently it manages its inventory levels. A higher DOH suggests that La-Z-Boy holds inventory for a longer period before selling it, which may tie up capital and lead to potential obsolescence risks. Conversely, a lower DOH implies faster inventory turnover, which could be indicative of effective inventory management and cash flow optimization.
It is noteworthy that the DOH has shown some variability over time, potentially reflecting changes in demand patterns, production efficiency, or inventory management strategies at La-Z-Boy. Analyzing this trend in conjunction with sales data and industry benchmarks could provide valuable insights into the company's operational efficiency and competitiveness in the furniture industry.
Peer comparison
Apr 27, 2024